The US government will “go de facto bankrupt” unless it reins in its rising debt, Elon Musk has warned. The billionaire is set to co-lead a new department tasked with curbing spending under President-elect Donald […]
Recent trends in international prices have led to a positive shift for India, reducing its crude import costs despite rising volumes A decline in global crude oil prices in recent months has led to a […]
2024 has been another strong year for the offshore drilling market with high rig, OSV and subsea utilization and day rates. Analysts wonder whether oil prices will remain high enough to support the offshore oil […]
Housing Bust 2 reverses part of the “Housing Crisis” when people with good incomes could no longer afford to live in the City. By Wolf Richter for WOLF STREET. The big decline in tech employment in San Francisco […]
Oil prices in 2024 were heavily influenced by Chinese demand and Middle East tensions, while US shale producers consolidated and remained cautious about production growth. Natural gas demand surged due to increased electricity consumption, driven […]
In the past few years, we have been repeatedly told by the system operator, now known as NESO (National Energy System Operator) that the GB power grid can be underpinned by a combination of renewables […]
New Delhi is transforming its maritime sector with a $10 billion investment over the next 25 years India is aiming to emerge as one of the world’s leading shipbuilding nations, cementing its position in […]
The conduit will boost supplies by 45 billion cubic meters per year, according to Aleksandr Novak Russia has begun developing a new gas pipeline to China via Kazakhstan that will have a planned annual capacity […]
The undersea connection delivering electricity from Finland to Estonia has suffered an outage The Finnish authorities are investigating an outage of the undersea power cable connecting Finland and Estonia, Prime Minister Petteri Orpo has said. […]
Commercial operations of Ulsan GPS started on December 26, according to a statement by SK Gas, a unit of South Korean conglomerate SK. SK Gas invested 1.4 trillion won ($954.7 million) in the construction of […]
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